Car Business Might Tumble if EVs Price Don’t Reduce
Prices for electric vehicles skyrocketed these days which for example Tesla Inc. increased prices by as much as RM26,000 ($6,000) per car this month, following similar hikes earlier this year from Rivian Automotive Inc. and Ford Motor Co.
In international market, electric vehicles are getting an average price over RM 264,000 ($60,000) as Tesla, Rivian, Ford elevate their prices.
Stellantis believes that car businesses will get severely affected if there is no price reduction towards electric vehicles.
Meanwhile, Fiats and Peugeots makers are organizing to produce some parts in-house and pressure suppliers to cut the price of their products.
Apart from pressed by buyers demand and rising costs are charging more for EVs, automakers are raising the prices due to runaway raw-material costs, which Ford sees as a RM18 billion ($4 billion) gusty for the company this year.
Written By
Jesica Sendai
from 9 to 5 grinder to 'racing' her way in the automotive industry through editorial work.
JPJ Running Numbers
KUALA LUMPUR
VRX7915
SELANGOR
BSU9386
JOHOR
JH1934J
PULAU PINANG
PSH3136
PERAK
APM8043
PAHANG
CFJ3720
KEDAH
KGJ7510
NEGERI SEMBILAN
NEM5464
KOTA KINABALU
SJV1134
KUCHING
QAB9667P
Last updated 07 Nov, 2026
Fuel Price
Petrol
RON 95
RM 3.97
+1.38
RON 97
RM 4.90
+1.75
RON 100
RM 7.20
+2.20
VPR
RM 8.23
+2.00
Diesel
EURO 5 B10
RM 5.12
+2.08
EURO 5 B7
RM 5.32
+2.08
Last updated 30 Apr, 2026
Latest News
Thailand EV Import Tax Rises To 35% In 2027 — Malaysia Policy Compared
Thailand raises its EV import tax to 35% in 2027. See how Malaysia's RM200,000 CIF and 180 kW CBU EV rules compare, and what buyers should know.
04-11-2026
Kelantan Eyes More EV Chargers At Strategic Locations
Kelantan eyes more EV chargers at strategic locations, with 37 units in the Kota Bharu council area and private-sector expansion plans.
04-11-2026
Malaysia Considers New Incentives For Affordable EV Purchases
Malaysia is considering new incentives for affordable EVs, including purchase assistance and charging support. Here's what buyers should know.
04-11-2026
Made In Malaysia, But How Much Of An EV Is Actually Local?
Malaysia's locally assembled EVs reportedly have 20% to 30% local content. Here's why local suppliers face challenges as EV assembly grows.
02-11-2026
Selayang Council: No Architect Or Engineer Needed For Home EV Chargers Without Renovation
Selayang Council clarifies when home EV chargers need no PSP or SP. Find out what this means for RM15K+ cost estimates, permits and electrical safety.
02-11-2026
Selayang Home EV Charger Permit: Requirements, Documents And Fees (RM15k++)
Selayang's home EV charger permit checklist covers landed homes. See the RM105 council fees, required documents and reported installation costs.
30-10-2026
Chery Is Promising Faster Charging And Longer Range. How Soon?
Chery has revealed 12C fast-charging cells and 400 Wh/kg solid-state battery technology. Here's what its reported 2027 roadmap actually means.
21-10-2026
Malaysia Is Getting More Electric Buses, But Will Our Daily Commutes Get Better?
Rapid Bus is introducing more electric buses in Malaysia, starting with KL and Penang. But will quieter, cleaner buses actually improve daily commutes?
21-10-2026
Show More
trending_flat
Malaysia First Used Car and EV Consignment Platform
This is the best place to sell your car at true market value. Instead of accepting low dealer trade-ins, we handle everything and connect your car directly to genuine buyers for the highest price.
Understanding CariCarzAutomall Consignment Plan
Approved 200-Check Points Inspection
7 Day Money Back Guarantee
One Year Extended Warranty
No Hidden Charge